Austin building permits lagging behind last year
Published 10:13 am Monday, July 28, 2008
Building lags behind 2007 records for the first six months of 2008.
Blame it on the sub-prime housing mortgage crisis, high gas prices or whatever: the facts are Austin is in a building slump.
According to the Austin city engineering department, the city issued 71 permits in June for an estimated $2.9 million in construction projects.
That pushed the year-to-date totals to 291 building permits for an estimated $6.7 million in construction projects.
Compare those figures to those recorded by the city engineering department a year ago.
Through the first six months of 2007, the city issued 322 permits for an estimated $20 million in construction projects.
One big permit can make a difference, such as the new Wal-Mart store along 18th Avenue Northwest, but 31 fewer permits and $13.7 million less in construction value of the projects indicates a building slump and not a boom.
The city’s report on the Jan. 1 through June 30 period showed 18 commercial addition, alteration or repair permits issued for an estimated $1.3 million construction value.
A year ago, 27 permits were issued in the first six months of 2007 for an estimated $2.9 million.
Three educational building alteration, addition or repair permits were issued through June for an estimated $1.2 million.
Housing is the bread and butter of the construction trade industry.
In June, the city issued four new residence permits for an estimated $532,000.
That’s six new homes in the first six months of 2008 built for an estimated $810,000.
A year ago at this time there were 13 housing starts in Austin for $2 million.
In other areas of the city’s building report, it showed:
158 heating permits issued in the first six months of 2008 compared to 174 a year ago.
77 plumbing permits were issued in the first six months of 2008 compared to 113 a year ago at this time.
605 total permits were issued through June 2008 compared to 700 a year ago. These totals reflect all permits: building, heating, plumbing, moving, zoning and others.